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September 07, 2016
FinCEN's El-Hindi to speak at NAFCU Caucus
Financial Crimes Enforcement Network Acting Director Jamal El-Hindi will talk about the importance of anti-money laundering precautions during a Sept. 19 address before NAFCU's Congressional Caucus in Washington.
El-Hindi will discuss FinCEN's efforts to crack down on money laundering and fraud and about how credit unions can protect themselves against fraud schemes.
El-Hindi was appointed deputy director of FinCEN in May 2015, and he has been acting director since former Director Jennifer Shasky Calvery left the agency in May 2016. El-Hindi previously served as an attorney-advisor in the Office of Chief Counsel for Foreign Assets Control at the Treasury Department.
NAFCU's Congressional Caucus is Sept. 18-21. Registration is still open for member and nonmember credit unions.
Earlier this week, NAFCU confirmed Sen. Joe Donnelly, D-Ind., and Reps. Sandy Levin, D-Mich., and Brad Sherman, D-Calif., for the speaker slate as well.
Donnelly and Sen. Ben Sasse, R-Neb., also set to speak at Caucus, spearheaded a letter signed by 70 senators urging CFPB Director Richard Cordray to grant credit unions relief from more rules through the bureau's authority under the Dodd-Frank Act.
Levin serves as the ranking member of the House Ways and Means Committee. He has also been a strong supporter of credit unions' federal tax exemption. House Financial Services Committee member Sherman is a lead cosponsor of the NAFCU-backed bill "Capital Access for Small Businesses and Jobs Act" (H.R. 989), which would allow federal credit unions access to supplemental capital.
Other recent additions to the Caucus slate include:
• former Republican presidential candidate and Texas Sen. Ted Cruz;
• Rep. Frank Guinta, R-N.H., author of NAFCU-backed legislation that would establish an extended exam cycle for well-run credit unions;
• Sen. Mike Rounds, R-S.D., the author of NAFCU-sought legislation to require that rules be tailored to financial institutions' risk profiles;
• House Financial Services Committee Ranking Member Maxine Waters, D-Calif.; and
• House Financial Services Subcommittee Chairman Randy Neugebauer, R-Texas, who is the lead on the NAFCU-supported "Data Security Act" (H.R. 2205) and the chief sponsor of a NAFCU-backed bill that would repeal the Durbin amendment (H.R. 5465).
For updates, follow #NAFCUCaucus on Twitter.
El-Hindi will discuss FinCEN's efforts to crack down on money laundering and fraud and about how credit unions can protect themselves against fraud schemes.
El-Hindi was appointed deputy director of FinCEN in May 2015, and he has been acting director since former Director Jennifer Shasky Calvery left the agency in May 2016. El-Hindi previously served as an attorney-advisor in the Office of Chief Counsel for Foreign Assets Control at the Treasury Department.
NAFCU's Congressional Caucus is Sept. 18-21. Registration is still open for member and nonmember credit unions.
Earlier this week, NAFCU confirmed Sen. Joe Donnelly, D-Ind., and Reps. Sandy Levin, D-Mich., and Brad Sherman, D-Calif., for the speaker slate as well.
Donnelly and Sen. Ben Sasse, R-Neb., also set to speak at Caucus, spearheaded a letter signed by 70 senators urging CFPB Director Richard Cordray to grant credit unions relief from more rules through the bureau's authority under the Dodd-Frank Act.
Levin serves as the ranking member of the House Ways and Means Committee. He has also been a strong supporter of credit unions' federal tax exemption. House Financial Services Committee member Sherman is a lead cosponsor of the NAFCU-backed bill "Capital Access for Small Businesses and Jobs Act" (H.R. 989), which would allow federal credit unions access to supplemental capital.
Other recent additions to the Caucus slate include:
• former Republican presidential candidate and Texas Sen. Ted Cruz;
• Rep. Frank Guinta, R-N.H., author of NAFCU-backed legislation that would establish an extended exam cycle for well-run credit unions;
• Sen. Mike Rounds, R-S.D., the author of NAFCU-sought legislation to require that rules be tailored to financial institutions' risk profiles;
• House Financial Services Committee Ranking Member Maxine Waters, D-Calif.; and
• House Financial Services Subcommittee Chairman Randy Neugebauer, R-Texas, who is the lead on the NAFCU-supported "Data Security Act" (H.R. 2205) and the chief sponsor of a NAFCU-backed bill that would repeal the Durbin amendment (H.R. 5465).
For updates, follow #NAFCUCaucus on Twitter.
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